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GBP/USD: consolidation after three "V-tops" in a row

GBP/USD: consolidation after three "V-tops" in a row

There’s a “V-Top” pattern, so the price is consolidating. Therefore, the market is likely going to reach a support at 1.3277 – 1.3247 in the short term. Considering a previously formed  “Triple Bottom” pattern, there’s a chance to see an upward movement in the direction of an area between the levels 1.3370 – 1.3471.

GBP/USD: consolidation after three "V-tops" in a row

We’ve another “V-Top” on the one-hour chart. In this case, the price is likely going to achieve a resistance at 1.3351 – 1.3374 during the day. At the same time, if a pullback from these levels be on the table, bears will probably try to approach a support at 1.3277 – 1.3262.

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